Standards: SSEMI3 Explain the organization and role of business and analyze the four types of market structures in the U.S. economy:
a. Compare and contrast three forms of business organization—sole proprietorship, partnership, and corporation with regards to number of owners, liability, lifespan, decision making, and taxation.
b. Identify the basic characteristics of monopoly, oligopoly, monopolistic competition, and pure (perfect) competition with regards to number of sellers, barriers to entry, price control, and product differentiation.
Standards:
SSEMI3 Explain the organization and role of business and analyze the four types of market structures in the U.S. economy:
a. Compare and contrast three forms of business organization—sole proprietorship, partnership, and corporation with regards to number of owners, liability, lifespan, decision making, and taxation.
b. Identify the basic characteristics of monopoly, oligopoly, monopolistic competition, and pure (perfect) competition with regards to number of sellers, barriers to entry, price control, and product differentiation.
Links used in class:
Video - Shift in Demand Curve
Minimum Wage
The Fight Against 15
Quizlet - SSEMI3
Currency Converter
Hungry Planet: What the world eats
The Big Mac Index
Short on money, Greeks bring back the barter system
Videos Used in Class:
Power point notes: